A NOTE ON PUBLIC DEBT-PRIVATE INVESTMENT NEXUS IN EMERGING ECONOMIES

Private Information for Foreign Investment in Emerging Economies

Previous studies have found that new foreign investment is significantly related to the stock of existing investment in the country/region. This paper’s contribution is the finding that a Japanese firm’s new investment in an emerging economy is positively correlated with its own previous investment in that economy and also with the current/planned investments by competitors. These two channels ...

Public debt and economic growth in emerging market economies

This paper studies the relationship between public debt and economic growth for selected emerging markets performing panel data estimations. Several regressor variables are included, but the main focus is on public debt. The results reveal a significant positive correlation between public debt and the subsequent growth rate of per capita GDP. Population and investment also yield a significant p...

Financing Investment: The Choice between Public and Private Debt∗

We study the choice between public and private debt in a firm’s marginal financing decision and its effects on corporate investment. To do so, we build a dynamic model of investment and financing decisions in which firms can choose not only the amount but also the type of debt to issue to finance investment. The paper shows how various firm and industry characteristics, such as liquidation cost...

Private Infrastructure Investment in Emerging Economies: Comparing the Latin American and Asian Experience

Foreign direct investment (FDI) in emerging markets has grown rapidly throughout the 1990s. Driven both by investment in newly privatized state-owned enterprises and new, Greenfield projects, infrastructure investment has grown even faster than overall FDI. Using a database of telecommunications projects in emerging markets, we compare key characteristics of private infrastructure projects in L...

Private Infrastructure Investment at the Subnational Level: Challenges in Emerging Economies